How to Buy Tether (USDT) in Italy

Can I Buy USDT in Italy?

Yes, you can buy USDT (Tether) in Italy through exchanges licensed by the Organismo Agenti e Mediatori (OAM) as Virtual Asset Service Providers (VASPs). These platforms comply with local regulations, ensuring secure and compliant transactions. Most Italian exchanges support instant Euro (EUR) deposits via bank transfer, cards, IBAN, and other popular methods, making it easy to acquire USDT.

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How to Buy Tether (USDT) in Italy

To purchase USDT (Tether) in Italy, Kraken is an excellent option, holding a VASP license issued by the OAM. This ensures that Kraken complies with Italian regulations, providing a secure and reliable platform for trading. Since its launch in 2013, Kraken has become a trusted exchange, offering access to over 200 cryptocurrencies, including USDT and other stablecoins.

Here’s how you can buy USDT on Kraken in Italy:

1. Sign Up and Verify: Register on Kraken and complete the KYC verification process to activate your account.
2. Deposit EUR: Go to 'Add Funds' in your Kraken dashboard, select EUR, and deposit funds using your preferred method.
3. Purchase USDT: Navigate to the trading section, find USDT, and choose the EUR/USDT trading pair.
4. Confirm Your Purchase: Enter the amount of USDT you wish to buy, review the details, and complete the transaction.

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EUR to USDT Fees

When converting EUR to USDT in Italy, fees vary by platform. Kraken offers a competitive edge with its clear fee structure, charging between 0.16% and 0.26% for trading, depending on your 30-day volume and whether you're a maker or taker. EUR deposits via SEPA are free.

In comparison, Binance can charge up to 1% or more for trading, especially for those with lower trading volumes. For many, Kraken presents a more cost-effective option for converting EUR to USDT.

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Is Tether (USDT) Legal in Italy?

Yes, USDT is legal in Italy, but its use is regulated. Italian authorities allow the trading and holding of USDT, provided that exchanges and service providers comply with anti-money laundering (AML) laws and register with the Organismo Agenti e Mediatori (OAM). These regulations ensure that USDT transactions are conducted within a legal framework.

The Italian government remains cautious about the risks associated with cryptocurrencies, including USDT. While not banned, USDT is closely monitored to ensure compliance with financial regulations, reflecting the broader European approach to cryptocurrency oversight.

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Bottom Line

In Italy, buying USDT is legal and secure when using a licensed exchange like Kraken, which holds a VASP license from the OAM. Kraken's adherence to local regulations and transparent fees make it a reliable choice for trading USDT. By understanding the fees and legal requirements, you can confidently navigate the Italian crypto market.